Strong Customer Authentication under PSD3 and PSR and Financial Inclusion: Two Steps Forward or One Step Back?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11220%2F25%3A10504834" target="_blank" >RIV/00216208:11220/25:10504834 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=SfmIaiy89t" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=SfmIaiy89t</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.54648/eulr2025048" target="_blank" >10.54648/eulr2025048</a>
Alternative languages
Result language
angličtina
Original language name
Strong Customer Authentication under PSD3 and PSR and Financial Inclusion: Two Steps Forward or One Step Back?
Original language description
This article examines whether access to payment services can be both secure and user-friendly, challenging the traditional trade-off between security and convenience. Rapid technological advancements over the past decade suggest that this balance may be achievable through innovative solutions. The study analyses the current application of strong customer authentication as mandated by PSD2, with a particular focus on its accessibility for disadvantaged user groups, including individuals affected by health conditions, age-related limitations, or social exclusion. It then compares this framework to the anticipated changes under PSD3 and PSR. The authors explore whether technological progress justifies shifting from the existing requirement of authentication using two distinct categories to a model allowing two different authentication instruments, regardless of category, as proposed by PSR. The analysis is based on both qualitative and quantitative research, drawing empirical data primarily from the Czech Republic's payment services market.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50501 - Law
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
European Business Law Review
ISSN
0959-6941
e-ISSN
1875-841X
Volume of the periodical
36
Issue of the periodical within the volume
5
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
28
Pages from-to
715-742
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-105016741133